Danish private bank Jyske Bank has implemented Vermilion Software’s reporting solution to automate the production of client valuations, fund commentaries and PowerPoint presentations, at varying frequencies, for its client base.
Vermilion said that it has integrated existing systems, customised workflow as well as automated re-use of data to create a more streamlined reporting solution.
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The bank decided to deploy the Vermilion Reporting Suite to enable efficient employment of its internal resources and processes, boost productivity and quality of reporting, and minimise administration costs.
Jyske Bank head of client service Carsten Larsen said: "Consistently focusing on how to efficiently add value to our clients, Vermilion Reporting Suite enables us to improve our service to existing clients whilst decreasing our time to market for both regular and ad-hoc reporting cycles.
"As an example of improved service, our commentary is now added through the workflow and only delivered to clients where the specific commentary section is relevant. Internally, the Vermilion project has streamlined our client bespoke processes, reduced our operational risk and increased the visibility of our reporting procedures."
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